SAP Agrees to Pay $120 Million to Oracle

Thursday Nov 4th 2010 by Datamation.com Staff
Share:

The courtroom drama heightens when HP's CEO refuses a subpoena.

Reuters: Anonymous sources tell Reuters that SAP has offered Oracle $120 million for its legal fees if the company promises not to seek punitive damages in its current lawsuit. SAP has already admitted that its TomorrowNow unit violated the law. The two companies are still arguing over compensatory damages, which are not addressed by the new deal.

Adding to the drama, new HP CEO and former SAP chief Leo Apotheker has refused a subpoena to testify in the case. It appears that HP is keeping its new chief executive away from its headquarters in Palo Alto so that he cannot be served. "Given Leo's limited knowledge and role in the matter, Oracle's last-minute effort to require him to appear live at trial is no more than an effort to harass him and interfere with his duties and responsibilities as HP's CEO," said an HP spokeswoman.

Share:
Home
Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved